Shearman & Sterling has won a lead role on the acquisition of General Motors' Hummer brand by a Chinese industrial manufacturer.

Shearman advised China's Sichuan Tengzhong Heavy Industrial Machinery (Tengzhong) on its purchase, in a deal reportedly worth up to $250m (£151m).

The US firm fielded a large team from China, the US and Brussels, with Hong Kong M&A partner Paul Strecker and Beijing M&A partner Lee Edwards leading.

Other Shearman partners involved included New York bankruptcy and restructuring partners Douglas Bartner and Michael Torkin, Menlo Park intellectual property (IP) partner Tina Patel and New York-based antitrust partner Beau Buffier.

Brussels antitrust partner Silvio Cappellari is advising on the EU filing of the transaction.

Tengzhong also instructed Chinese Lex Mundi member firm Jun He Law Offices on local law.

Detroit's Honigman Miller Schwartz and Cohn took the lead for GM, with corporate partner Norman Beitner heading the team acting alongside GM's internal legal function.

GM expects to save around 3,000 jobs through the sale of the iconic car brand to Tengzhong. The company is one of China's largest privately-owned engineering heavy machinery equipment businesses, producing special-use vehicles, road and bridge construction equipment and construction and energy industry equipment.

As part of the deal, Tengzhong will acquire the rights to the Hummer brand, along with a senior management and operational team.

As reported by Legal Week last week, more than 10 law firms have advised GM on its restructuring, which will also see the company sell its Opel brand to Canadian car parts manufacturer Magna, which has instructed Herbert Smith's German ally Gleiss Lutz.